$MEBL Meezan Bank Limited (MEBL): 3QCY25 profitability is reported at PKR 11.7/sh, DPS PKR 7.0 – By Foundation Research
$MEBL
Meezan Bank Limited
Rs. 542.37
+0.44%
- Meezan Bank Limited (MEBL) announced its 3QCY25 results today reporting earnings of PKR 21.1Bn (EPS: PKR11.7), ↓18/13% YoY/QoQ respectively. The result is slightly below our expectations due to higher than estimated operating expenses. Along with the result, the bank announced an interim cash dividend of PKR 7.0/sh taking 9M pay-out to PKR 21.0/sh.
- Topline of the bank shrank 19% YoY in the outgoing quarter, however, on a sequential basis the decrease was limited to 2%. The decline has primarily been triggered by the upwards revision in savings rates on certain deposits that has resulted in increased deposit costs. However, the management’s move to trim saving deposits and replace them with current accounts alongside healthy balance sheet growth has limited top line attrition. As for 9M, the reduction was noted at 12% YoY.